Vietnam tax & legal updates
You will find here all the issues of our "Vietnam Spotlight" newsletter related to the recent Tax, Legal and Accounting updates.
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Mazars in Vietnam Newsletter - Tax & legal updates - April 2021
We would like to bring you tax and legal updates for April 2021 with the following highlights influencing the corporate operations and payroll activities.
Tax & legal alert - Decree 44 on CIT expenses for the prevention of COVID-19
On 31 March 2021, the Government released Decree 44/2021/ND-CP ("Decree 44") providing guidance on the conditions for being deductible expense of the donation and sponsorship in cash or in kind for prevention of COVID-19 pandemic.
Mazars in Vietnam Newsletter - Customs Update - Issue March 2021
We would like to bring you notable customs updates for March 2021 with the following highlights influencing the corporate operations activities:
Customs alert - Decree no. 18 amending a number of articles of Decree no. 134 guiding the Law on Import & Export taxes
On 11/03/2021, the Prime Minister approved the promulgation of Decree no. 18/2021/ND-CP amending and supplementing a number of articles of Decree no. 134/2016/ND-CP guiding the implementation of the Law on Import & Export taxes.
Customs alert - New guidance on tax treatment for export-production model with outsource processing
Following the Government's Resolution No. 178/NQ-CP dated 12/12/2020, on 23/02/2021 the General Department of Customs (“GDC)” issued Official Letter No. 879/TCHQ-TXNK guiding the tax treatment for imports being materials used for export-production in which part of the production process is being outsourced to 3rd party vendor.